What Is Sales Turnover?

Turnover refers to the total price and out-of-price fees charged by the taxpayer for providing taxable services, transferring intangible assets, or selling real property. Out-of-the-money expenses include handling fees, funds, fund-raising fees, collections, advances, and other various types of out-of-the-money charges collected from the other party. The turnover of transportation and logistics enterprises engaged in the combined transportation business is their actual obtained turnover. ^[1]

Turnover

The turnover in construction and installation projects refers to the total income collected from construction, installation, repair, decoration and other engineering operations, and also includes the prices of raw materials and other materials and power used in construction, repair, and decoration projects. The output value of the installation project also includes the price of the installed equipment. However, if the general contractor of the construction industry subcontracts or subcontracts the project to others, the turnover does not include the price paid to the subcontractor or subcontractor.